14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AAOI
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

A very strong day for Applied Optoelectronics stock price on Monday
(Updated on May 06, 2024)

Buy candidate since May 06, 2024 PDF

The Applied Optoelectronics stock price gained 7.95% on the last trading day (Monday, 6th May 2024), rising from $11.07 to $11.95. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.86% from a day low at $11.26 to a day high of $12.37. The price has risen in 6 of the last 10 days and is up by 7.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $35.04 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -41.07% during the next 3 months and, with a 90% probability hold a price between $5.43 and $8.11 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AAOI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 21.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Applied Optoelectronics stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.30. On a fall, the stock will find some support from the short-term average at $10.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Applied Optoelectronics stock

On the downside, the stock finds support just below today's level from accumulated volume at $11.13 and $10.85. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Applied Optoelectronics finds support just below today's level at $11.13. If this is broken, then the next support from accumulated volume will be at $10.85 and $9.85.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.11 between high and low, or 9.86%. For the last week, the stock has had daily average volatility of 7.65%.

Our recommended stop-loss: $11.47 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (AAOI) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Applied Optoelectronics to open at $11.86, and during the day (based on 14 day Average True Range), to move between $11.06 and $12.84, which gives a possible trading interval of +/-$0.89 (+/-7.44%) up or down from last closing price. If Applied Optoelectronics takes out the full calculated possible swing range there will be an estimated 14.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.13 (6.86%) than the resistance at $14.15 (18.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Applied Optoelectronics will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.290. We will update the financials statements for Applied Optoelectronics, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.77% in the first trading day after earnings release.

Is Applied Optoelectronics stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.029 Buy Candidate Upgraded

Predicted Opening Price for Applied Optoelectronics of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$11.86 ( 0.753%) $11.95

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AAOI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 12.97 8.54 %
R2 12.55 4.99 %
R1 12.28 2.80 %
Current price: 11.95
Support S1 11.44 -4.30 %
S2 11.17 -6.49 %
S3 10.75 -10.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.90 24.69 %
R2 14.73 23.26 %
R1 14.15 18.41 %
Current price 11.95
Support S1 11.13 -6.86%
S2 10.85 -9.21%
S3 9.85 -17.57%

FAQ

What is the symbol for Applied Optoelectronics Stock and on which exchange is it traded?
The symbol for Applied Optoelectronics is AAOI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Applied Optoelectronics Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Applied Optoelectronics Stock?
Applied Optoelectronics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Applied Optoelectronics Stock.

What's the current price of Applied Optoelectronics Stock?
As of the end of day on the May 06, 2024, the price of an Applied Optoelectronics (AAOI) share was $11.95.

What is the 52-week high and low for Applied Optoelectronics Stock?
The 52-week high for Applied Optoelectronics Stock is $24.75 and the 52-week low is $1.64.

What is the market capitalization of Applied Optoelectronics Stock?
As of the May 06, 2024, the market capitalization of Applied Optoelectronics is 458.857M.

When is the next earnings date for Applied Optoelectronics?
The upcoming earnings date for Applied Optoelectronics is May 09, 2024.
Click to get the best stock tips daily for free!

About Applied Optoelectronics

Applied Optoelectronics Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and ind... AAOI Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT